Press Release (ePRNews.com) - Pinellas Park, FL - Oct 04, 2016 - Chad Minor with Solid Investments, a nationally-recognized boutique real estate firm specializing in buyer representation of Triple Net (NNN) investment property sales, announced that the company has completed the sale of a Medical Office Building located at 6245 66th St. North in Pinellas Park, FL. The sale price was $1,200,100.
Chad Minor represented the buyer, a private investor based in Pleasanton, CA that was acquiring the property to complete a Reverse 1031 like-kind exchange. Buddy Sauter of Sauter & Associates, LLC represented the seller, a local developer.
Working with the investor to complete a Reverse 1031 Exchange required careful planning and cooperation from all parties.
Chad Minor noted, “The Reverse 1031 Exchange greatly expands the ability of the investor to take advantage of changes in the marketplace and to improve his or her investment position. The Reverse 1031 Exchange allows the investor to acquire property first and relinquish property second. In other words, the Reverse Exchange allows an investor to acquire a new property today, when an excellent investment may be available, and sell other property later when a better price might be obtained. However, it is more complex than a “traditional” 1031 Exchange and requires careful planning”
The property is an attractive NNN, Professional Medical Office investment with a great return. The property is fully occupied with a long-term lease in place and is located on very busy 66th St, in Pinellas County, Florida.
About Solid Investments
Solid Investments specializes in the sale of Triple Net (NNN) Commercial Investment Properties – where the Tenant is responsible for all property related expenses (taxes, insurance, maintenance & repairs). They work primarily with the buyer and assist with 1031 Exchanges, while providing a full professional service approach through every step of the buying process.
Solid Investments has sold over 155 NNN properties worth in excess of $350,000,000 since 2008.
For more information, visit www.solidinvestmentsfl.com
Company Name: Solid Investments Source :
Contact Person: Chad Minor
City: Lakewood Ranch